Core hits more silver at Inkheart

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THE DRILL SERGEANT: Core Exploration (ASX: CXO) has been impressed by the initial silver and lead results it has received from the first batch of assays from a recent reverse circulation (RC) drilling campaign at the company’s Inkheart prospect in the Northern Territory.

Core said the drilling has encountered silver and lead intersections with values up to 268 grams per tonne silver and 8 per cent lead.

Results include:

IKRC01339
3 metres at 268 grams per tonne silver and 8 per cent lead from 42m;

IKRC007
6m at 95.6g/t silver and 2.1 per cent lead from 111m to 117m, including 3m at 177g/t silver and 4.1 per cent lead from 114m to 117m; and

IKRC014

15m at 37.7g/t silver and 0.6 per cent lead from 108m to 123m.

 

Drilling results and collar locations overlain on geology, Inkheart and Blueys prospects, NT. Source: Company announcement

 

The company considers the first assays results to have confirmed and extended mineralisation it discovered at Inkheart during a phase one drilling program completed during May this year.

Assays received to date show that silver and lead mineralisation has been intercepted consistently in all of the four drill sections within the targeted Bitter Springs Formation.

Results also suggest that shallow higher grade intersections are potentially broadening at depth.

The company said it expects pending assays results to extend the mineralised zones further to the south west with mineralised zones also remaining open at depth.

Core is of the opinion the results it has achieved to date have confirmed mineralisation at the Blueys and Inkheart prospects are likely to be part of the same mineralising system, depositing metals in the Bitter Springs Formation.

This, it said, reinforces the tenement wide and regional potential of the Bitter Springs Formation for the discovery of economic base-metal deposits.

“The grade and continuity of mineralisation intersected by Core’s recent drilling, along with growing confidence in a predictable exploration model for high-grade silver lead mineralisation at Inkheart strengthen the potential for further success in this new exploration province in the Northern Territory,” Core Exploration managing director Stephen Biggins said in the company’s announcement to the Australian Securities Exchange.

Email: info@coreexploration.com.au

Website: www.coreexploration.com.au